Daily Pivots: (S1) 0.9960; (P) 1.0013; (R1) 1.0074; More… EUR/USD continues to lose downside momentum as seen in 4 hour MACD. But further decline is still expected with 1.0121 minor resistance intact. Sustained break of 100% projection of 1.1184 to 1.0348 from 1.0773 at 0.9937 could prompt downside acceleration to 161.8% projection at 0.9420. Nevertheless, […]
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Japan’s private sector lost steam in May as final PMI Services reading slipped to 51.0 from April’s 52.4, while Composite PMI declined to 50.2 from 51.2. The data point to only marginal growth in overall Read more…
Australia’s GDP expanded just 0.2% qoq in Q1, falling short of expectations for 0.4% qoq growth. On an annual basis, GDP rose 1.3% yoy. However, GDP per capita declined by -0.2% qoq, marking a renewed Read more…
Key Highlights Ethereum started a fresh increase above the $2,500 resistance. ETH is following a short-term contracting triangle forming with resistance at $2,800 on the daily chart. Bitcoin price is facing hurdles near the $107,000 Read more…